PayX News & Press Releases
Nets and PayX International sign 5 year Strategic Partnership Agreement
10 January 2012
PayX International, a leading international Payments Knowledge Provider™ and Nets, a leading Nordic and Northern European Payments Provider, have signed a long term Strategic Partnership agreement over five years, for the continued provision of specialised payments consultancy services.
“Nets has established a strong foothold in the Nordic region with a growth programme that supports our European ambitions. PayX has already provided key assistance over the last few years during our company consolidation process. In a swiftly changing payments landscape we benefit from PayX’s proven project delivery and independent market position. Hence it is natural for us to extend our existing excellent relationship with a true strategic partner that will help us enhance Nets future business,” says Sigurd Knudsen, CIO of Nets.
“PayX has a long history of working with Nets and other top tier Payment Service Providers. We always pride ourselves on the quality of our diverse payments consultancy services, and with Nets we have agreed an Extended Engagement Model that truly allows us to work a more substantial level partnership. This combines our global payments knowledge with Nets specific goals, therefore capturing and bringing reality to tremendous opportunities created in this new payments world. Nets are an excellent top tier payments partner.” commented Adrian Hausser, Co-founder and COO of PayX International.
The strategic partnership enables Nets to continue building on the existing 5 year relationship and benefitting from PayX’s unique market insight and consultancy capability. The partnership will help identify initiatives to enhance Nets business and operations, scope new business opportunities, engage in the development of new innovative services and products, ultimately leading to enhanced corporate performance.
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Nigel Bidmead is appointed CEO of PayX International Ltd
15 September 2011
PayX International Ltd, a 15 year global independent payments knowledge company, today announced that Nigel Bidmead has been appointed as Chief Executive Officer. Nigel will focus on leading PayX corporately through its next stages of rapid growth. Adrian Hausser will be Chief Operating Officer, focusing on leading the company's market analysis and customer delivery capabilities.
Nigel joins PayX with strong leadership experience in major Payments Industry organisations. Nigel most recently worked with First Data International for 3 years, where he held the position as Senior Vice President for their Merchant Acquiring Business. Prior to First Data, Nigel was Managing Director and Senior Vice President at VeriFone for 6 years, delivering explosive growth in Europe, the Middle East and Africa (EMEA) Region contributing to their IPO in 2005. Nigel, throughout his career, worked with several leading international software, internet and telecommunication companies including ACI Worldwide, S1, QSI and British Telecom.
"PayX has been growing strongly year on year and so we are delighted to welcome Nigel as an integral part of our next stage future plans. Nigel has indisputable success in leadership of fast growth global payments companies. I have worked with Nigel before so I know this is the right person at the right time to strengthen PayX's lead in the payments knowledge services arena.” said PayX co-founder Adrian Hausser.
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PayX Streamlines Banks Vendor Selection Processes
27 June 2011
Following the launch of the 2011 PayX Acquiring and Switching Vendor Comparison Report, PayX International continues to extend their portfolio of Knowledge Services offerings with the launch of their streamlined Vendor Selection Service. From a unique position within the heart of the Payments Ecosystem PayX are ideally placed to offer customers independent, informed and current advice when entering into the challenging area of payments vendor selection.
Adrian Hausser, CEO said “Today’s strategies specifically including partnering and purchasing decisions will impact banks and processors payments platforms for at least the next 10 years. These major decisions are particularly difficult in current times as the card-based payments industry is in an unprecedented period of change, meaning large opportunities and large threats. PayX’s independence means we work with Banks and Processors around the world in the trusted circle as we have no bias. Our external experience helps organisations have wider market insights and hence make more informed and lower risk decisions from Payments Strategy through to implementations. The PayX Vendor Selection Service is yet another example of PayX productising its unique value into a low cost fast high value deliverable that is applicable worldwide.”
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PayX International formally launches the 2011 Card Acquiring and Switching Products Comparison Report
9 March 2011
The Payments industry is in an unprecedented period of disruption with the most radical changes ever occurring now. In the aftermath of the financial crisis, payment systems have moved from vertical to infrastructure with governments taking greater control due to the critical nature of the payments systems to the stability of any country. This has also led to issues around “globalisation” vs. “protectionism” creating conflicts by preventing entry into certain markets. At the same time many institutions have been forced to review their processing platforms, based on the activities of the market leading vendors including:
“ACI strategy to move clients from BASE24-classic to BASE24-eps, the change in support for ON/2 & OpeN/2 products, FIS merging IST, Connex and Cortex following its purchase of Metavante and significant market moves by companies including Wincor and Clear2pay”.
The 2011 edition of the ‘Card Acquiring and Switching Products: An Independent Assessment of Products and Suppliers’, when delivered with a series of standard workshops, assists customers to navigate through the maze of choices available to them through the provision of market intelligence, strategic advice and payments expertise. PayX are the only provider of Independent Knowledge Services helping customers make informed decisions and achieve timely advantage through a proven programme called PayX-DPE™.
One major USA Bank comments that, “through the initial program and workshop with PayX, it has saved 6 months of internal analysis and planning and prevented engaging in a number of fruitless exercises which would have led to dead ends”.
The PayX-DPE™ vision harnesses the knowledge, market breadth and experience of PayX and provides an industry-strength framework on which to build a future-proof plan. The announcement of the 2011 version of the Card Acquiring and Switching Products Comparison Report provides greater, in-depth information and analysis of the leading vendors in this market together with a broader view of complementary products included in some vendors’ portfolios.
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PayX International at the European Card Acquiring Forum 22- 24th February 2011 - Berlin
11 February 2011
PayX International is delighted to announce its attendance at the European Card Acquiring Forum (ECAF), one of the leading and most informative events in the calendar.
This year’s itinerary aligns directly to PayX’s business activities and engagements which see our team continuing to assist Banks, Processers and Vendors globally with 3-5 year strategic roadmaps. PayX-DPE™, the industry-standard methodology, uses a proven model to Lower the Risk of Change when delivering services and products. It facilitates the ability to Innovate whilst remaining cognisant of Regulation and Compliance factors.
